3/22: CBS News Mornings
U.S. awaits grand jury action on Trump; Federal Reserve to announce interest rate decision.
Federal Reserve
All eyes on the Fed's interest rate decision
The central bank is meeting this week to decide whether to continue raising interest rates as the banking system remains unsettled. Mark Zandi, a chief economist of Moody's Analytics, joined John Dickerson on "Prime Time" to discuss.
Stocks close higher ahead of Fed decision
Stocks closed higher Tuesday as Federal Reserve officials begin meeting to discuss inflation and potential interest rate hikes. Advisors Capital Management portfolio manager JoAnne Feeney joins CBS News to break down what upcoming changes could mean for investors.
Investors are panicked over banks. Will the Fed make things worse?
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
Fed expected to raise interest rates again
The Federal Reserve is expected to announce another round of interest rate hikes on Wednesday. Colby Smith, U.S. economics editor for the Financial Times, joins CBS News to discuss how the Fed's potential decision is tied to the banking crisis.
White House tries to ease banking fears
The Federal Reserve is expected to announce another round of interest rate hikes while simultaneously dealing with a major banking crisis. Ed O'Keefe joins "CBS News Mornings" to explain how the White House is trying to ease concerns.
Federal Reserve faces key decision
The Federal Reserve will announce its rate decision after several recent bank failures have shaken the industry. Real estate has been among the most impacted sectors. Ed O'Keefe reports.
Stocks close higher despite banking turmoil
Stocks closed higher on Monday after coordinated action from the Federal Reserve and other leading central banks to restore confidence in the banking system. Chief economist at the Conference Board, Dana Peterson, joins CBS News's John Dickerson to discuss.
Layoffs, bank failures weigh on Fed
CBS News' Lilia Luciano and Tony Dokoupil are joined by Sultan Megjhi, the former chief investment officer of the FDIC, to discuss the issues weighing on the Federal Reserve as it considers its next move on interest rates.
Federal Reserve poised to raise rates again
The Federal Reserve is expected to announce another interest rate hike when it meets this week amid a crisis of confidence in the banking industry. The Federal Deposit Insurance Corporation announced over the weekend that it sold a huge portion of failed Signature Bank to Flagstar Bank. Axios managing editor for business and markets and CBS News contributor Javier E. David discusses with Anne-Marie Green and Vlad Duthiers.
Rescue plan announced for First Republic Bank
A group of 11 major banks were working on a $30 billion rescue plan for First Republic Bank on Thursday. Also, Treasury Secretary Janet Yellen told senators the banking system "remains sound" in the wake of the recent failures of Silicon Valley Bank and Signature Bank. Robert Schein, chief investment officer for Blanke Schein Wealth Management, joined Elaine Quijano and Lana Zak to discuss.
Sheila Bair on banking sector turmoil
Former FDIC chair Sheila Bair joins John Dickerson on "Prime Time" to discuss the recent failure of Silicon Valley Bank and whether Americans need to be concerned about broader instability in the banking system.
Banking instability sparks U.S. recession fears
The Dow Jones fell sharply Wednesday after shares in Swiss bank Credit Suisse hit a record low. Host of "The Street" J.D. Durkin spoke with CBS News about recent trends in the marketplace and how they could impact federal economic action.
Inflation cools as Fed weighs interest rates
The Consumer Price Index report for February indicates inflation is cooling off. The new numbers were released a few days after Silicon Valley Bank and Signature Bank failed, and ahead of a Federal Reserve meeting on interest rates next week. Megan Greene, the global chief economist at Kroll, joins CBS News to discuss.
Prices were up in February, new data shows
The consumer price index rose 0.4% in February and 6% year-over-year, showing signs that inflation is easing year over year. CBS News reporter Sarah Ewall-Wice joined Anne-Marie Green and Nikki Battiste to discuss the latest numbers, moves the federal government made to avoid a banking crisis and a potential interest rate hike.
How the markets are reacting to bank failures
Investors are reacting to the latest consumer price index numbers and the failure of Silicon Valley Bank and Signature Bank. Joe Saluzzi, co-founder and partner of brokerage firm Themis Trading LLC, joined CBS News' Anne-Marie Green and Nikki Battiste to discuss the reaction, what Meta's layoffs mean for the tech sector and a looming potential interest rate hike.
Inflation fight faces hurdles as banks fail
The Federal Reserve has been aggressive with rate hikes in an attempt to fight inflation, but three bank failings could put that strategy on hold. Lori Bettinger, president of Bancalliance and the former director of the Troubled Asset Relief Program, joins "CBS News Mornings" to discuss what's ahead.
Market, government response to bank failures
Stocks of U.S. regional banks are still reeling following the failures of Signature Bank and Silicon Valley Bank. Keith Noreika, executive vice president of Patomak Global Partners and former acting Comptroller of the Currency, joins CBS News' John Dickerson to discuss.
Investors react to Silicon Valley Bank collapse
The stock market closed relatively flat a day after the federal government took action to ensure that Silicon Valley Bank's customers would not lose their deposits in the bank's collapse. CBS News business analyst Jill Schlesinger joined Elaine Quijano to discuss how the action will impact investors and consumers going forward.
U.S. backs deposits after bank collapse
Some regional banks halted trading Monday after the collapse of Silicon Valley Bank and Signature Bank. The federal government said depositors will not lose their money. CBS News national correspondent Errol Barnett reports on the fallout from Santa Clara, California.
Deposits at Silicon Valley Bank to be fully guaranteed, U.S. government says
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
What to expect in latest jobs report
New weekly jobless claims rose to the highest numbers in five months, and the February numbers are due out Friday. CBS News' Jim Axelrod and Nikki Battiste are joined by Daniel Altman, chief economist for the flexible job platform Instawork.
Fed chair sees higher interest rates coming
Federal Reserve Chairman Jerome Powell testified to the Senate Banking Committee Tuesday that interest rates could rise higher and faster than anticipated in an effort to fight inflation. New York Times Federal Reserve and economy reporter Jeanna Smialek joins CBS News' John Dickerson to discuss the comments, plus a new corporate trend that's convincing consumers to spend more on similar products.
Stocks fall over interest rate hike fears
Stocks slumped Tuesday after Federal Reserve chair Jerome Powell indicated there will be more interest rate hikes in response to ongoing inflationary pressure.
Fed may need to accelerate rate hikes, Jerome Powell says
Economic data is coming in "stronger than expected," the Fed chair told a Senate panel on Tuesday.
Bomb-making materials found at home of New Orleans attacker, officials say
Federal investigators previously said they found two IEDs near the site of the New Orleans truck attack. They also detonated some materials found at a New Orleans Airbnb.
Trump to be sentenced for "hush money" conviction before inauguration
Justice Juan Merchan will sentence Trump for his crimes on Jan. 10, a court proceeding that will be unlike any in America's 248 years.
Cybertruck bombing appears to be suicide of veteran who had PTSD, FBI says
Las Vegas police identified Matthew Alan Livelsberger as the driver of the Cybertruck who died in the New Year's Day bombing.
Johnson wins reelection as speaker in dramatic vote to open new Congress
House Speaker Mike Johnson appeared headed for defeat before two Republicans switched their vote, delivering him a majority.
Social Security Fairness Act set to get Biden's signature
Legislation granting full Social Security benefits to nearly 3 million retirees will soon get become law, advocates say.
Flu emergency room visits now "very high" nationwide, CDC says
Several Western states are seeing rates worse than last year's peak of flu season.
Powerful winter storm to bring snowy, icy conditions to Midwest, Mid-Atlantic
Starting Saturday, millions of people are going to be hit by moderate to heavy snow from Kansas City to Washington, forecasters say.
New York's Nassau County flags not lowered to half-staff for Jimmy Carter
A Republican county official on Long Island is refusing to lower flags to half-staff following the death of former President Jimmy Carter.
California man linked to Wisconsin school shooting apologizes for connection
Alexander Paffendorf expressed regret for his involvement in court on Friday without explaining his precise role.
U.S.
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Biden awards Presidential Medal of Freedom to Hillary Clinton, 18 others
The nation's highest civilian honor will be presented to 19 people at the White House later Saturday.
Death row prisoner asks Arizona for second time to be executed
Aaron Brian Gunches' execution would mark a resumption of Arizona's use of the death penalty after a two-year pause while it reviewed its procedures.
Powerful winter storm to bring snowy, icy conditions to Midwest, Mid-Atlantic
Starting Saturday, millions of people are going to be hit by moderate to heavy snow from Kansas City to Washington, forecasters say.
Social Security Fairness Act set to get Biden's signature
Legislation granting full Social Security benefits to nearly 3 million retirees will soon get become law, advocates say.
Green Beret behind Cybertruck attack wrote letter signaling mental health crisis
There's mounting evidence that the Tesla Cybertruck bombing at the Trump International Hotel in Las Vegas was in fact a public display of a private tragedy.
MoneyWatch
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Social Security Fairness Act set to get Biden's signature
Legislation granting full Social Security benefits to nearly 3 million retirees will soon get become law, advocates say.
Major airlines offer storm waivers to passengers ahead of winter storm
American, JetBlue, Southwest and United are offering passengers waivers to reschedule flights ahead of Winter Storm Blair.
U.S. Steel faces murky future after proposed Nippon Steel takeover
The Biden administration blocked the purchase of U.S. Steel by Japan's Nippon Steel. Here's what that could mean for the once iconic American company.
Apple's Siri settlement could mean money for consumers — what to know
Apple will pay $95 million to settle allegations that its Siri virtual assistant violated people's privacy by eavesdropping on mobile device users.
Thai PM declares luxury handbags, watches among $400 million in assets
Thailand's youngest-ever leader has more than 200 designer handbags worth over $2 million, as well as property in London and Japan, her party said.
Politics
More Politics
Biden awards Presidential Medal of Freedom to Hillary Clinton, 18 others
The nation's highest civilian honor will be presented to 19 people at the White House later Saturday.
Social Security Fairness Act set to get Biden's signature
Legislation granting full Social Security benefits to nearly 3 million retirees will soon get become law, advocates say.
Trump to be sentenced for "hush money" conviction before inauguration
Justice Juan Merchan will sentence Trump for his crimes on Jan. 10, a court proceeding that will be unlike any in America's 248 years.
On possible GOP votes against Trump nominees, Thune says no "clarity" yet
One of the first priorities for Senate Majority Leader John Thune is the confirmation of President-elect Donald Trump's expected nominees.
Biden to visit New Orleans Monday, in wake of Bourbon Street attack
President Biden and first lady Jill Biden will meet with families and community members during their visit, the White House said.
HealthWatch
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HealthWatch
Surgeon general calls for alcohol cancer warning
The U.S. surgeon general is now recommending a new label on alcohol products that warns of the risks of cancer, similar to the warning labels on cigarettes. A new advisory says alcohol consumption is one of the leading preventable causes of cancer, behind smoking and obesity. Dr. Jon LaPook has more.
Flu emergency room visits now "very high" nationwide, CDC says
Several Western states are seeing rates worse than last year's peak of flu season.
How much alcohol is bad for you? And more questions, answered.
U.S. Surgeon General Dr. Vivek Murthy is calling for cancer risk warnings to be included on alcoholic beverages, prompting questions about the health impacts of alcohol.
Mediterranean diet ranks healthiest again. Here's what the 3 top diets entail.
Looking to boost your nutrition this year? The Mediterranean diet has topped the U.S. News & World Report's annual diet list again. Here's what to know.
Rise in breast cancer among younger women
New research reveals breast cancer rates are increasing faster among younger women than any other group. Elaine Quijano reports on the findings.
World
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Thai PM declares luxury handbags, watches among $400 million in assets
Thailand's youngest-ever leader has more than 200 designer handbags worth over $2 million, as well as property in London and Japan, her party said.
Argentina police arrest man for supplying drugs to Liam Payne
Braian Paiz is one of five people who has been charged in "One Direction" singer Liam Payne's death.
Young boy survives 5 nights lost in game park full of lions
Officials in Zimbabwe say 7-year-old Tinotenda Pudu survived five nights in the "unforgiving wild" of a game park thanks to his wilderness skills.
Rare footage shows Kim Jong Un's sister with children
Kim Yo Jong was spotted with two youngsters -- a boy and a girl -- while attending North Korea's New Year art performance.
Top EU diplomats visit ousted Assad regime's prison of horrors in Syria
The French and German foreign ministers are the most senior Western officials to visit Syria since longtime dictator Bashar al-Assad was toppled by rebels.
Entertainment
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Attorney: Man accused of hiding stolen "Wizard of Oz" ruby slippers to plead guilty
The iconic ruby slippers sold for a total of $32.5 million at auction last month. The slippers were stolen in 2005 from the Judy Garland Museum in Grand Rapids.
Argentina police arrest man for supplying drugs to Liam Payne
Braian Paiz is one of five people who has been charged in "One Direction" singer Liam Payne's death.
Kit Connor on Broadway's "Romeo and Juliet"
Known for his Emmy-winning role in "Heartstopper" and playing young Elton John in "Rocketman," Kit Connor now stars as Romeo in a bold, contemporary adaptation of Shakespeare's iconic play.
Wayne Osmond, brother of Donny and Marie, dies at age 73
Wayne Osmond started his musical career as an original member of The Osmonds with his brothers.
These works enter the public domain in 2025
Here are the books and characters newly joining the list of works in the public domain in 2025.
Technology
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Technology
What to know about car rental app Turo
The car rental app Turo is working to understand how two of its vehicles were used in the deadly New Orleans attack and Cybertruck bombing in Las Vegas. The Tesla Cybertruck that exploded outside of President-elect Donald Trump's Las Vegas hotel and the electric truck used in the New Orleans attack were both rented via Turo. New York Times technology reporter Eli Tan joins CBS News 24/7 to explain how the app and its background check process work.
Apple's Siri settlement could mean money for consumers — what to know
Apple will pay $95 million to settle allegations that its Siri virtual assistant violated people's privacy by eavesdropping on mobile device users.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
The legal grounds for a TikTok ban delay
President-elect Donald Trump requested that the Supreme Court suspend the TikTok ban until after he takes office while he works on a political resolution. University of Minnesota Law School associate professor Alan Rozenshtein breaks down the legal basis for the request.
Apple agrees to pay $95 million to settle Siri eavesdropping claims
Apple surreptitiously activated Siri to record user conversations through iPhones and other devices, court finds.
Science
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Science
Jimmy Carter's environmental legacy
As the U.S. Capitol prepares to honor former President Jimmy Carter, Rolling Stone climate reporter Jeff Goodell looks back on his environmental legacy.
U.K.'s biggest dinosaur footprint site discovered: "So surreal"
It is hoped the discovery will provide clues about how dinosaurs interacted, as well as their size and the speeds at which they moved.
What to know about tonight's "black moon"
It may sound spooky, but a black moon is nothing ominous.
Northern lights may be visible in parts of the U.S. New Year's Eve
Solar storms may bring northern lights to several states in the northern U.S. just in time for New Year's Eve, but cloud cover may put a damper on festivities.
New species, including "blob-headed" fish, identified across world in 2024
Hundreds of new species across the globe were identified by scientists in 2024.
Crime
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Crime
Bomb-making material found in home of truck attacker
New Orleans is ramping up security in the aftermath of the New Year's Day terror attack that killed 14 people and wounded dozens more. The city is set to host the Super Bowl and Mardi Gras celebrations in the coming weeks. Meanwhile, investigators revealed that bomb-making materials were found inside the attacker's home in Houston and the Airbnb where he was staying. Omar Villafranca has more.
New Orleans mourns victims of deadly attack
New Orleans police say they will increase the daily security presence around the city's famed Bourbon Street after the deadly truck attack that killed at least 14 people and injured dozens more in the early hours of the New Year. Makeshift memorials have sprung up in the area as the city mourns the victims. CBS News correspondent Nicole Valdes has more from the Big Easy.
What to know about car rental app Turo
The car rental app Turo is working to understand how two of its vehicles were used in the deadly New Orleans attack and Cybertruck bombing in Las Vegas. The Tesla Cybertruck that exploded outside of President-elect Donald Trump's Las Vegas hotel and the electric truck used in the New Orleans attack were both rented via Turo. New York Times technology reporter Eli Tan joins CBS News 24/7 to explain how the app and its background check process work.
FBI rat New Orleans attacker's home
The FBI returned to Shamsud-Din Jabbar's home in Texas as the federal probe into the New Orleans terrorist attack continues. CBS News' Jason Allen spoke to the attacker's brother. Also, contributor Sam Vinograd has more on the heightened terror threat in the U.S.
New Orleans attacker posted recordings on his beliefs in year before rampage
Shamsud-Din Jabbar made no mention of plans for violence or affiliations with extremist groups in the recordings.
Space
More Space
NASA probe beams home update after record-breaking flyby of sun
NASA said scientists began receiving more detailed telemetry — or "housekeeping data" — from the spacecraft on New Year's Day.
When and where to see the Quadrantids, 2025's first meteor shower
The first meteor shower of 2025 is about to peak. Here's how to watch and where you can see the Quadrantids.
Space debris weighing over 1,000 pounds crashes into Kenya village
Officials said they were investigating fragments of metal, believed to be from a rocket, that crashed into a village in the country's south.
What to know about tonight's "black moon"
It may sound spooky, but a black moon is nothing ominous.
Lunar eclipses, supermoons, meteor showers happening in 2025
Skywatchers can mark the calendar with a busy lineup of celestial occurrences in 2025.
Latest Galleries
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Scott Peterson case: New evidence?
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Texas couple investigates teen daughter's unusual death
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Serial killer Rodney Alcala's secret photos
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Bomb-making material found in home of truck attacker
New Orleans is ramping up security in the aftermath of the New Year's Day terror attack that killed 14 people and wounded dozens more. The city is set to host the Super Bowl and Mardi Gras celebrations in the coming weeks. Meanwhile, investigators revealed that bomb-making materials were found inside the attacker's home in Houston and the Airbnb where he was staying. Omar Villafranca has more.
No end in sight for Israel-Hamas war
The war between Israel and Hamas shows no signs of slowing in 2025. Over 100 people have been killed in the Gaza Strip in the first three days of the new year, according to the Hamas-run Health Ministry. CBS News' Holly Williams has the latest on the conflict.
"CBS Evening News" headlines for Jan. 3, 2024
Here's a look at the top stories making headlines on the "CBS Evening News with Norah O'Donnell."
Israel ramps up strikes across Middle East
The war in Gaza shows no signs of slowing down in 2025. Israel turned up the pressure in one of the deadliest weeks of fighting, with nearly 150 people killed. Holly Williams has the latest developments.
Mike Johnson wins reelection for House speaker
It was a dramatic day in Congress, with House Speaker Mike Johnson temporarily frozen out of his job by several reluctant Republicans. But enough of those Republicans came around and Johnson was reelected in the first round of voting. Scott MacFarlane reports.